shatzakis

Bitcoin 3-Year $ Path Towards $1Million/ $21 Trillion Market Cap

BITSTAMP:BTCUSD   Bitcoin
Using a variation (unorthodox approach) to traditional trend line drawing, I was looking for hidden trendlines and trajectories that could come into play for bitcoin versus the US Dollar ($BTCUSD) on a logarithmic chart over the longer term. From single digits prices in 2012, bitcoin historical price trajectories extend now into the future towards $1m by 2022. With 21 million bitcoin potentially in existence by then, the market cap of bitcoin could reach $21 trillion or over four times the $5.1 trillion in average daily foreign exchange (forex) market volumes using April 2016 FX volume data from BIS.org.

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